AlphaQuest LLC Acquires New Holdings in Avnet, Inc. $AVT

AlphaQuest LLC acquired a new position in Avnet, Inc. (NASDAQ:AVT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,055 shares of the company’s stock, valued at approximately $578,000.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Avnet in the 2nd quarter worth approximately $51,495,000. AQR Capital Management LLC lifted its position in Avnet by 25.9% in the second quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company’s stock worth $88,312,000 after purchasing an additional 345,721 shares during the period. SG Capital Management LLC bought a new position in Avnet in the second quarter worth $16,941,000. Boston Partners lifted its position in Avnet by 47.8% in the second quarter. Boston Partners now owns 739,195 shares of the company’s stock worth $39,095,000 after purchasing an additional 239,226 shares during the period. Finally, Pzena Investment Management LLC boosted its stake in Avnet by 2.9% during the second quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock worth $389,676,000 after buying an additional 209,003 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Avnet Stock Performance

NASDAQ AVT opened at $63.99 on Thursday. Avnet, Inc. has a 1-year low of $39.22 and a 1-year high of $64.79. The company has a 50 day moving average of $51.07 and a 200-day moving average of $51.37. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 0.47 and a beta of 0.93.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the company earned $0.87 EPS. Avnet’s revenue for the quarter was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. On average, equities analysts forecast that Avnet, Inc. will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a $0.35 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Avnet’s dividend payout ratio (DPR) is 57.38%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th. Wells Fargo & Company raised their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Finally, Truist Financial boosted their price target on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Avnet presently has a consensus rating of “Reduce” and an average price target of $54.33.

Avnet Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.